The USD increased its value from $1.2730 per euro to $1.2716, and from 80.19 yens per dollar to 80.33 on Tuesday. The dollar value for six main trading partners of the US increased from 81.28 points to 81.35 points, RIA Novosti reports.
The US industrial growth rate increased by 1.1% compared with March, experts expected only 0.5%. 717,000 new houses were built in the US in April, exceeding March by 2.6% (699,000) and April by 29.9% (552,000). Analysts expected 4.7%, compared with March, to 685,000.
David Song of DailyFX said that only two members of the Committee for Open Markets want new measures to stimulate the economy and increase the basic rate before 2014.
Greece will hold new parliamentary polls on June 17. The European Central Bank does not want to provide additional funds to banks until recapitalization of the banking sector.
German Chancellor Angela Merkel and French President Francois Hollande agreed to cope with the debt crisis together. Their persuasion of Greece to stay in the eurozone did not aid the euro on Wednesday.
IMF President Christine Lagarde has not ruled out Greece leaving the eurozone. Political instability in the country will continue influencing activities, Eric Wand of Lloyds Bank WBM said.
The Dow Jones Index dropped by 0.26%, NASDAQ by 0.68%, S&P by 0.44%.
Peter Jankovskis of Oakbrook Investments said that Greece causes concerns, especially its further membership in the eurozone.
Japan’s Nikkei 225 dropped by 0.16%, South Korea’s KOSPI by 0.25%, Australia’s S&P/ASX 200 increased by 0.18%, Hang Seng by 0.57%, SSE Composite by 0.38%.
June futures for gold at the New York Comex dropped by 1.3% to $1536.60 per troy ounce, the lowest in the last 10 months.
Michael K. Smith of T&K Futures said that Greece caused an outflow of capital.
Prices for gold increased by about 10% in 2011.The period of rising prices for gold in the last 11 years was the longest since 1920. Its price increased by 6.7% in the first quarter of 2012, while prices dropped by 0.5% in April.
